China May Be Experiencing Negative GDP Growth, Says Senior Economist

In a Dec. 15 speech, Renmin University’s Xiang Songzuo warned that Chinese stock market conditions resemble those during the 1929 Wall Street Crash

Xiang Songzuo The Epoch Times

On the eve of the 40th anniversary marking the start of the Chinese regime’s economic reform era, the country has been bearing the brunt of economic downturn amidst the Sino-U.S. trade war.

On Dec. 15, Xiang Songzuo, Deputy Director and Senior Fellow of the Center for International Monetary Research at China’s Renmin University delivered a speech detailing a series of problems afflicting the Chinese economy, including the country’s GDP growth.